While there isn't one definitive "paper" with that exact title, finding the right workers' compensation insurance typically involves navigating three main "paths" based on your state's laws and business size. 1. Private Carriers (The Most Common Path)
: In North Dakota , Ohio , Washington , and Wyoming , you must buy insurance through the state-operated fund. Private insurance is not allowed.
Depending on where your business is located, you might use a state fund: where to buy workers compensation insurance
: Check AM Best ratings to ensure the carrier is financially stable enough to pay out long-term claims. 2. State-Funded Options
If your business is in a high-risk industry (like roofing or logging) and private carriers reject your application, you can apply for the . This is a state-mandated program that ensures every employer can get coverage, though it is usually the most expensive option. Key Documentation While there isn't one definitive "paper" with that
: Major players include Travelers (the largest U.S. underwriter), The Hartford, and Allstate .
: States like California , New York , and Texas offer a state-run fund that competes with private insurers. This is often a safety net for high-risk businesses that private companies won't cover. 3. Assigned Risk Pools Private insurance is not allowed
Once you buy a policy, you will receive a . You will often need to provide this proof of coverage to clients, contractors, or vendors before starting a project. Workers' Compensation Insurance - Progressive Commercial